Retail

Intralot SPA Group Chairman & CEO Sokratis Kokkalis has confirmed that the Athens-listed gambling technology firm will undertake a full-scale operating review and cost reduction plan, following a year of corporate declines witnessed across all Intralot business verticals. Publishing its full-year 2018 results, Intralot records a -6.4% decline in group revenues to €870 million (FY2017: €930m), as governance reports diminishing …

French racing body France Galop has joined in efforts to raise funds for the reconstruction of the Notre-Dame cathedral after a fire destroyed parts of the building on Monday evening. The governing body’s president, Edoard de Rothschild, has announced that the Prix du President de la Republique will be renamed for this weekend’s meeting at Auteuil, with all proceeds going …

The UK Gambling Commission (UKGC) has released a number of ‘top tips’ for operators to ensure that bets are being settled in accordance with the regulator’s social responsibility code provision 4.2.6. The advice comes after the UKGC has been made aware of operators breaching the licence conditions and codes of practice, examples of which have included “using a new settlement …

California-based technology fund Vista Equity Partners has this afternoon confirmed that it has acquired DAZN Group sports data and content subsidiary Perform for an undisclosed fee. As anticipated, Vista Equity confirms that it will absorb Perform assets within its US-centric sports data platform STATS, developing a new global powerhouse in sports analysis, data and content provisions. Confirming the transaction, Robert F. …

In a move to improve industry-wide collaboration and tackle problem gambling Aspers, Caesars, Genting, Playtech and the Rank Group have joined UK responsible gambling body Senet Group. The five will sit on the Senet Group’s quarterly CEO forum, which currently offers advice to the group’s Board and independent chairman, Gillian Wilmot. They join GVC (Ladbrokes Coral), William Hill, Paddy Power …

The new executive leadership team of French racing operator Pari Mutuel Urbain (PMU) has presented its new ‘operating roadmap’ to French media outlining the firm’s corporate recovery and transformation strategy. Having undertaken an internal review, new Chief Executive Cyril Linette, the executive appointed by France Galop and Le Trot to ‘reinvigorate the PMU’, has outlined a series of efficiencies, which …

Culture Secretary Jeremy Wright has hit back at bookmakers who have supposedly undermined the restraints imposed on Fixed Odds Betting Terminals (FOBTs), describing the actions as “disgraceful” in a recent Parliamentary session. The new restrictions on the terminals came into play on 1 April. Earlier in the month, however, The Guardian accused Paddy Power and Betfred of trying to circumvent …